Saturday, April 21, 2007

Mortgage your lives away…

Pregnant pause in proceedings

Read about the soul searching of a pregnant couple of FTB's... and the "sensible" advice offered by lenders. "The couple are growing increasingly despondent about their prospects of buying their own home and Vickey says: “House prices are zooming beyond our mortgage repayment capability and outpacing our ability to save.” Wow! maybe I'm missing something here but "Their rent and council tax are subsidised". Do they want their mortgage payments to come from taxpayers' pocket as well?

Posted by confused76 @ 03:59 PM (513 views)
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4 thoughts on “Mortgage your lives away…

  • Workingholiday says:

    Love that suggestion that they should try a BTL instead…

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  • Ray Boulger, senior technical manager, John Charcol:

    “I would advise deferring buying until after their second child is born. They will then be able to reassess what they can afford. And by then the housing market may have taken a bit of a downturn.”

    Wow. That’s quite an admission.

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  • Downturn is a polite term for nose dive.

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  • The child’s due in October!

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